Presidential Candidate RFK Jr. Pledges Strong Support For Bitcoin, Opposes CBDC

Key Points:

• Presidential candidate RFK Jr. supports Bitcoin and opposes central bank digital currencies.

Presidential Candidate RFK Jr. recently spoke with the New York Post about his support of Bitcoin. In the interview, he discussed his stance on cryptocurrency, stating that he will ensure policies that support Bitcoin and the freedom to transact.

He believes that individuals should be able to manage their own BTC wallets, nodes, and passwords and that only the narrowest controls necessary to prevent money laundering should be allowed. RFK Jr. opposes central bank digital currencies, which he considers to be instruments of control and oppression and certain to be abused.

What would be your policy when it comes to crypto — do you think it’s a tool of government overreach? Would you promote someone crypto friendly at the SEC? 

RFK Jr.: I will make sure that we have policies that support bitcoin and the freedom to transact and that allow individuals to manage their own bitcoin wallets, nodes, and passwords. I will allow only the narrowest controls that are necessary to prevent money laundering. I oppose central bank digital currencies because they are instruments of control and oppression, and are certain to be abused.

RFK Jr spoke in the interview

RFK Jr. is no stranger to the crypto world. He spoke at the Bitcoin conference in Miami, FL, in May and publicly supported BTC and other cryptocurrencies. He became the first presidential candidate to accept BTC campaign donations in May and referred to BTC as an “exercise in democracy.” He is a strong defender in the crypto/digital assets industry.

As the world of crypto grows in influence and use, it will become more of a question regarding a presidential candidate’s agenda. With RFK Jr. being a strong supporter of BTC and cryptocurrency, it will be interesting to see how his policies develop if he becomes president.

Recently, BTC has broken $30,000 for the second time this year amid bullish sentiment in the market. The cryptocurrency has gained more than 13% over the past 7 days, driven in part by traditional finance players pushing further into crypto. According to CoinMarketCap data, the last time BTC reached above $30,000 was in April of 2023.

RFK Jr.’s support for Bitcoin is a significant development in the world of cryptocurrency. His policies, if he becomes president, could have a major impact on the industry. Additionally, the recent rise of Bitcoin to above $30,000 is a positive sign for the market and suggests continued growth in the future.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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